Economic institutions are important in helping to govern and determine economic outcomes. Which of the following would NOT be an example of an economic institution?
A) the existence of various regulatory agencies, such as the Securities and Exchange Commission, that affect the integrity of the investment community
B) First National Bank of Chicago
C) the tendency of the public to deposit funds in banks and financial institutions, which are considered safe, rather than purchasing gold or jewelry
D) disclosure provisions in investment contracts
Correct Answer:
Verified
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